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These patterns are not just random shapes; they’re the footprints of traders’ collective emotions—fear, greed, and everything in between. Patterns like triangles and rectangles emerge as ...
Interestingly, ascending triangles are continuation patterns, meaning they typically resolve by sending the price in the direction of its previous trend once it breaks out of their tightening range.
Ethereum’s native token ether (ETH) may have found a path to a new record high of $5,200 after breaking out an “ascending triangle” price pattern, according to technical analysis by Kraken OTC.
The first decisive break above the psychological $4,000-mark, which serves as a resistance trendline to a five-month-old ascending triangle and a cup and handle pattern, could trigger a textbook ...
ETH's bullish setup in an ascending triangle pattern hints at a potential breakout toward $4,000. Macro catalysts and technical indicators favor Ethereum's continued rally through the election and ...